California Hideaways Is Considering a New Project Whose Data Are

California Hideaways is considering a new project whose data are shown below.The equipment has a 4-year project life.This equipment falls into class 43 with a CCA rate of 30% and would have zero salvage value.No new working capital would be required.Revenues and cash operating costs are expected to be constant over the project's 4-year life.What is the project's NPV? (Hint: Cash flows are constant in Years 1 to 4.) $\begin{array}{lr}\text { WACC } & 10.0 \% \\\text { Net investment cost } & \$ 65,000 \\\text { Sales revenues, each year } & \$ 60,000 \\\text { Cash operating costs } & \$ 25,000 \\\text { Tax rate } & 35.0 \%\end{array}$

A) $28,499
B) $23,402
C) $19,417
D) $16,284